TIGER funds dispersed for Global Terminal facility

Thursday, June 13, 2013

The U.S. Department of Transportation is distributing money awarded last June in the fourth round of TIGER grants.
The City of Bayonne, N.J., and the Port Authority of New York and New Jersey received an $11.4 million grant on May 22 that will be used by Global Marine Terminals as part of its $350 million expansion and renovation. The TIGER funds will go to the purchase of two double-cantilever rail-mounted gantry cranes capable of loading and unloading double-stack rail cars at Global's new intermodal facility.
The port authority is contributing $100 million to the creation of the facility.
In April, the Port of Corpus Christi secured its $10 million grant for a new rail yard. - Eric Kulisch